The Blink of an Eye
We had a burst of buying Tuesday and a little more this morning, but the moves aren't holding. There are active traders who have boosted things a bit, but they don't stay around for long. That is why things go from looking OK to looking ugly in the blink of an eye.
It is painfully obvious that there isn't going to be any greater clarity in Europe until next week, after the Greek election, so only a few brave souls are interested in holding positions. Frankly, I'm not sure why anyone would want to be adding much long exposure right now. The risk of bad news is extremely high and the technical picture is not very appealing, either....97 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.